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the lowest since november 22nd. we're also hearing that the british ministry of defense is airlifting about a million euros to be distributed because the banks remain closed in cyprus. >> bertha, thank you very much. another story involving fake facebook shares. scott cohn has been looking into it. >> the facebook ipo and how hyped it was, how everybody wanted to get their hands on the pre-ipo shares. a man, 71 of florida, allegedly told investors that he had shares and raised about $8 million, it was all a ponzi scheme. he's charged in a four-count criminal complaint as well as a civil suit by the security and exchanges commission. could face up to 20 years in prison. he claimed he had pre-ipo shares of linkedin and zynga and groupon, none of which he had. he was arrested in florida, charged in new york and will likely be back up here for a court appearance. >> nice little game he had going for a while. >> for a while. >> scott cohn, thank you very much. >> sue? >> now to the cnbc exclusive fed survey and it deals with the "r" word, recession. steve liesman has more details on that. hi, st
positive just fractionally in the dow industrials. look at the major sector, sue, slightly more defensive. so telecom and utilities and consumer staples. look at the financials, sue. they were down more than 1% as a group but now only only fractionally if you look at the big banks, citi group has significant exposure to europe. the regional banks are all just down fractionally today. the dow stocks are up, big international names. caterpillar, for example, pfizer, all the major tech names, lieu hugh let, microsoft, intel, all positive. volume is on the light side, believe it or not. not the money flowing in or flowing out. at number two, well off our lows in the middle of the day. >> thank you, bob pisani. in your morning notes, you went, it's back. now everyone is focused not just on cyprus but the ripple effects. >> that's true. you saw that concern last night starting in asia and it went over into europe. rightly so because, as bob said, it brings in to trust, what are really the banks -- what's the purpose of the bank. we'll with their risk in the money in the bank you can only imagin
at the major sectors. 2-1 advancing declining to stocks. slightly more defensive tone of the market. when you get health care and consumer staples up there in the market leaders, that's a slightly more defensive tone. health care just went negative as you can see there. take a look at the earnings situation. mike ron for once didn't complain about pricing. we saw some nike on the upside as well, and tiffany also as well on their earnings report. oracle, fedex, caterpillar, that's going to weigh on the markets. here we are for the quarter. five trading days. you know what's remarkable to me, simon. back a year or two ago uncertainty in cyprus would have been a down day. they would have known what we're going to happen. call everybody and we think there's going to be a resolution over the weekend so the psychology is flipped around to the idea that it's going to be resolved. >> europeans have got their act together as well. we didn't know if they were asleep on the job. >> thank you very much. >> technicians are getting excited about apple. let's head down to the nasdaq. seema modi has all the
.s. banks. in terms of the sectors, a little more on the defensive side. consumer staples down the least of some of the major groups. >> kenney, come on in and join the group. bob mentioned the financials. what can happen in europe might eventually happen here in the united states. >> i don't suspect it really koul could happen but it gives investors an excuse to be cautious and take things off the table. we went right to the high and ran right into resistance. again, it gave people a chance to say let me take some money off the table and see where it goes. it's st end of the month. we will go into thursday with a little more to the upside but i don't think we're breaking any highs this week. >> if it really reflects european policy -- >> that's the big question. >> this is a victory for the moral hazard crowd. people claiming that endless bailouts are just wrong. but it introduces a whole new can f worms. >> it doesn't put the issue to sleep. only continues to bring it to the surface. >> what do you bring to the markets today? >> i think the market will end lower. it will churn all day
Search Results 0 to 3 of about 4

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